US Markets in Detail...
SGX: 16,674: +57: +0.34%
Provisional Cash Rs. In Crs. (2nd Mar)
FIIS : -4,339 (12,972-17,311)
DIIS : +3,062 (10,265-7,203)
In Cricket: Test Series from March 4….Ind vs SL & Pak vs AUS
Please Note: Coronavirus spread has reduced drastically …so for some time will stop sending COVID update. Yet will anyone insist, and if it is majority, would’nt mind continuing…though personally would keep a track on the same on daily basis, and any major increase of cases, shall certainly update on the same.
Germany has yet not normalized showing 198,457 vs 150,565 new cases & S.Korea +219,237 vs 138,993. Hongkong 55,353 vs 32,597.
Sensex: 55,469 (-778) (-1.38%)
Nifty: 16,606 (-188) (-1.12%)
Dow: 33,891: +596: +1.79%
S&P: 4,387: +80: +1.86%
Nas: 13,752: +220: +1.62%
Brazil: 115,174: +2,032: +1.80%
Ftse: 7,430: +99: +1.36%
Dax: 14,000: +95: +0.69%
Cac: 6,498: +102: +1.59%
WTI Oil: $111.52: +8: +7.84%
Brnt: $114.61: +10: +9.18%
Gold: $1,929 (-15) (-0.78%)
Silver: $25.38 (-0.65%)
Copper: $468: +8: +1.75%
Zinc: 3,746: +80: +2.18%
Alluminum: 3,478: +110: +3.25%
Eur-$: 1.1119
GBP-$: 1.3404
Jpy-$: 115.53
Re: 75.7100: +0.49%
US10yr: 1.88%
GIND10YR: 6.814: +0.65%
$ Index: 97.3470 (-0.06%)
Vix: 30.74 (-7.74%)
BalticDry: 2,069: +29: +1.42%
ADR/GDR
Cogni: +2.79%
Infy: +1.94%
Wit: +2.95%
IciciBk: +1.89%
HdfcBk: +1.42%
DrRdy (-2.72%)
TataMo: +3.78%
TatSt: +4.24%
Axis: +6.13%
SBI: +0.96%
RIGD: +3.90%
INDA: +1.60% (IShares MSCI INDIA ETF)
INDY: +1.27% (IShares MSCI INDIA 50 ETF)
EPI: +1.74% (Wisdom Tree India Earning)
PIN: +1.95% (Invesco India Etf)
Dow ends 600 points higher as Powell affirms March rate liftoff, vows to stay nimble as Ukraine crisis unfolds. He said the U.S. economy is expanding with enough force to withstand rate hikes while pledging to be judicious in removing stimulus. Powell's comments, in testimony to the U.S. House of Representatives Financial Services Committee, helped calm investors after Russia's invasion of Ukraine sent markets into a tailspin.
U.S. stock indexes finished sharply higher Wednesday, with gains gathering steam after Federal Reserve Chairman Jerome Powell outlined plans to begin dialing back the central bank’s easy-money stance to fight inflation, while playing down the prospect of a larger-than-usual increase of benchmark rates in March.
Wall Street also monitored headlines indicating Ukraine and Russia could be headed for new negotiations, even as the conflict simmered.
More than 90% of the companies in the S&P 500 advanced, with financial, material and energy shares leading the charge. Two-year Treasury yields surpassed 1.5%, up from as little as 1.26% on Tuesday. Global commodity markets surged to multiyear highs after traders backed away from Russia, sparking anxiety that supply will fall short in everything from wheat to natural gas. Oil topped $110 a barrel, near eight-year highs after Western sanctions disrupted transport of commodities exported by Russia. That’s despite the the International Energy Agency saying Tuesday it will release 60 million barrels of oil from global reserves, in a bid to ease the current supply constraint.
On Tuesday, the Dow fell nearly 600 points, or 1.8%, while the S&P 500 and Nasdaq Composite each slid 1.6%.
What drove the market?
Stocks erased sharp losses from a day earlier after Fed Chairman Powell testified that it would be appropriate for the central bank to raise its benchmark interest rate, currently in a range between 0% and 0.25%, at its meeting in two weeks. Powell said he supported a 25 basis point increase, rather than a larger 50 basis point increase, and would propose such a move when the Fed convenes its two-day meeting mid March.
Fed-fund futures were pricing in a near-zero chance that the Fed would raise interest rates by a half-point in March, a dramatic shift from recent weeks. The 10-year Treasury rate shot higher to 1.862%, marking its biggest daily gain in two years, with the advance for stocks led primarily by the S&P 500’s energy +2.22% and financials +2.55% sectors.
By: via @AlliesFin Serve Stock Market
